The Congressional Budget Office's long-term budget update was released today, and there are important updates from its previous projections relating to recent legislative changes. Guy will have more, but there are a few important things to remember.
Senator Lamar Alexander of Tennessee is bringing an important issue to the forefront of policy debate.
Rep. Paul Ryan, R-Wisc., says he's hopeful Republicans and Democrats can compromise and pass a budget that at least represents a "down payment" on the national debt.
France's budget deficit is currently 3.7% of GDP. Recall that budget deficits exceeding 3% is over treaty limits. With Hollande at the Helm, any rational-thinking person understands the odds Hollande reduces the French budget deficit to zero by 2017 is roughly 0%.
Sequester cuts had barely gone into effect last week when the uber-liberal MoveOn.org started shrilly whining that conservative barbarians were destroying the country.
Rep. John Boehner says the goal is spending cuts, not a government shutdown. The House Speaker urged the Senate to pass a GOP measure that funds the government and eases some budget cuts, but leaves most.
"That's part of the job, they're working on the the budget," White House Press Secretary Jay Carney said today. He said that he expects the budget to be out by March even though the budget is already over a month late.